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Lakshmi Machine trades in green despite posting a decline in its Q3 numbers

25 Jan 2012 Evaluate

Lakshmi Machine Works is currently trading at Rs 1590.00, up by 20.90 points or 1.33% from its previous closing of Rs 1569.10 on the BSE.

The scrip opened at Rs 1565.20 and has touched a high and low of Rs 1620.00 and Rs. 1565.20 respectively. So far 2913 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 2564.50 on 26-Apr-2011 and a 52 week low of Rs 1426.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs 1625.00 and Rs 1555.05 respectively. The current market cap of the company is Rs 1802.64 crore.

The promoters holding in the company stood at 28.34% while Institutions and Non-Institutions held 26.11% and 45.55% respectively.

Textile machinery maker Lakshmi Machine Work’s net profit declined by 13.48%, to 39.65 crore in the third quarter ended December 31, 2011 compared with Rs 45.83 crore in the year-ago period. The total income rose by 9.65% to Rs 538.26 crore in the quarter under review against Rs 490.88 crore during the corresponding quarter of the earlier fiscal. 

Lakshmi Machine Works is engaged in the manufacture of textile machinery, machine tools and foundry products. LMW commands a 60% market share in the domestic textile spinning machinery industry.

LMW Share Price

14237.30 -120.55 (-0.84%)
20-Apr-2026 14:37 View Price Chart
Peers
Company Name CMP
LMW 14237.30
Stovec Inds 2013.90
Harish Textile Engin 65.79
Veejay Lakshmi Engg 41.65
Meera Industries 62.00
View more..

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